Buy a Property in Bahamas and Get Residency

If you are interested in obtaining Bahamas residency by investment, buying a property is a good choice. This option offers a great advantage: you can rent it to tourists, and thus recover your investment.

Below, our local agents explain how to buy a property in the Bahamas and the steps to obtain residency through this type of investment. We are at your disposal with various services related to entering the golden visa program in this country.

Purchasing a property in the Bahamas as part of the residency by investment scheme

If you are interested in applying for a golden visa in the Bahamas, one of the two options you can resort to is real estate acquisition. The conditions to enter the program this way are:

• buying a property worth at least USD 1 million (USD 750,000 before 2025);
• choosing a property that is approved by the Bahamas government for the program.

If you want to buy land in the Bahamas to obtain residency, you will also need to apply for a Permit to Acquire a Property from the Government. Our golden visa consultants can offer specific advice in accordance with your decisions.

Documents to prepare to buy a property in the Bahamas and obtain residency

The Bahamas residency by investment program comes with specific documentation requirements, which imply:

• a valid passport;
• the application form;
• at least 2 references that attest to your good reputation;
• your clean criminal record;
• healthcare certificate;
• the birth certificate;
• bank statement indicating you have the money for purchasing the Bahamas property.

Please note that these documents are required if you are a single person. However, you can also move with family under the same program. In this case, additional papers must be prepared. Among them, you need to file the marriage certificate, and passports of each member on the residency by investment application.

How long does it take to buy a Bahamas property and obtain residency?

Applications are usually processed in about 3 months, after which you will be granted permanent residence (the investment must be kept for 10 years). Even if you are not required to permanently live in the Bahamas, you need to spend at least 3 months per year during this period. If you want to apply for citizenship, you have to stay in the country for at least 6 months every year.

You also need to file a declaration of maintaining your investment for the same 10-year period. Another aspect to consider is that the Bahamas is not one of the direct citizenship by investment countries. As such, you can obtain a passport after 10 years, even if you buy a property here.

Types of properties to buy in the Bahamas

As long as you meet the eligibility criteria for the residency by investment program, you can buy any type of property in the Bahamas, starting with apartments, condominiums, and even vacation houses on the sunny beaches of the Caribbean islands.

If you decide to buy land in the Bahamas, you must first apply for the acquisition permit and ensure you meet the minimum investment requirements.

Average real estate prices in the Bahamas

If you decided to buy a property in the Bahamas and obtain residency, here is an overview of the average real estate prices:

• USD 300 to USD 500 is the average price per square foot on the general market;
• in Nassau, however, the average price per square foot is around USD 700;
• in the luxury segment, prices range from USD 750 to USD 2,500 per square foot on average.

We remind you that you will be granted a residence permit, no matter the option you choose for the Bahamas residency by investment program. However, our agents can also help you relocate to one of the Caribbean golden visa countries that offer direct citizenship. So, if you are interested in personalized services, please contact us.